Replies to post #147998 on Southridge Enterprises Inc (SRGE)

[janice shell]

Bernie Madoff's firm was fully reporting too...

His fund wasn't. It was a private company.

[1manband]

what does fully reporting have to do with anything? That doesn't make them legitimate

It doesn't automatically make them legitimate, but the vast majority of SEC reporting public companies are legitimate. The vast majority of non-SEC reporting companies are not.

If a company is fully reporting, it is much more difficult to invent such things as revenues from non-existent mining operations (without cost!) and fake drill programs. Just to name two of the many examples of the fabrications that SRGE used.

As a rule, legitimate public companies register and report to the SEC. Non-legitimate companies don't. And that rule has very few exceptions.

Bernie Madoff's firm was fully reporting too

It is not comparable, as it is a different kind of reporting, but as has been pointed out by Janice, Madoff's firm was reporting, but the fund where the fraud occurred was not. And Madoff fought tooth and nail for over a decade to prevent new SEC rules from being passed to bring such funds under SEC oversight. Madoff is a good example of why ALL public companies should be required to file with the SEC.

[EarnestDD]

WRONG AGAIN ... Madoff's fund, like the SRGE FRAUD, was not audited.

BGL is Audited and Fully Reporting.

SRGE .. unaudited and their solictiors who wrote their opinion letters are on the run from the authorities.
Much like Madoff, huh???
jmo